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high. what do you expect out of cvs with this environment you're talking about. >> well, we like the stock fair number of reasons. i think it's the right stock for the environment. we're in an environment where i don't think we're going to see tremendous growth because of the economy so companies that can grow their earnings at double-digit levels will be in favor. cvs is one of those companies. they're also giving you revenue growth. you get a little bit of a dividend, raising your dividend. earlier at 30%, and the stock is still a reasonable value trading at 13 times 2013 estimates. it's a stock that's also a play on obamacare and health care going forward. >> tom: give us 30 seconds on f.i.t.b., another one you're putting money to work for and it has really nicely. >> it has. we're seeing better scores in our models. you get a yield of about 2.5%. the stock is cheap at 10 times earnings. they're buying back over 10% of their shares. there's been insider being in the stock in recent months. i think there's a lot to like. i think the earnings story is improving. and, again, i th
, i learned on the campaign trail. there's always a winner and loser. the political environment just like the business world, is highly competitive. with every campaign season there's always a new crop of start-ups. innovation incubators. and so, i guess the campaign is a little bit of an entrepreneurial showcase. i think a lot of us think we see these ads and i guess keeping the campaign is disliked a big marketing machine that spits out the ads we see on tv and the candidates are sending mail to us an e-mail to our in box and the phone calls and so forth. but if you peel back the curtain, you might find something. a something difference you find a very complex, highly detailed operation. there's a million things happening at once. there are things happening around the candidates, there are things happening around the headquarters operations, things happening in field offices. everything from where a candidate will stay, who will stand with the candidates, what site he should choose for that and how many people should come to the event and right down to the helium in the balloons an
the environment is terrible. it's not just banks. we have done this to ourselves. we shot ourselves in the foot. get rid of the wet blanket and we will take off. there was a great article that was reprinted in "the wall street journal" giving president-elect ronald reagan some advice. tell the same positive story over and over and will turn. yet to believe in it. america usually will do the right thing after it has exhausted all other possibilities and i hope we do. if you think washington and business can go to work, the collaboration's, we should have a collaboration. we would double the other and worked round-the-clock but now and has became a war. dodd-frank, health care, so we re-litigate. we should get it right the first time and move on but we did not. >> to the extent there has been a marked absence of collaboration or friction between the worlds of politics and business, you but the lion's share on the political side? >> i would put more on the political side. everyone i know is coming down and asking what they can do for help. it surprised me when someone asked a question, do you want
house call" coming up. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> groovy music and great topics is what we have today on "sunday house call." joining us, dr. david smatty, chief of robotics at the mount sinai medical center. >> and dr. marc siegel. he's also the author of the book, the inner pulse, unlocking the secret code of sickness and health. good morning. >> good morning. >> we start with the serious topic, that meningitis outbreak. the cdc reports seven people have died and more than 60 people have been infected across nine states from what it believed to be contaminated steroid injections. what do we need to know about this? if you got a steroid infection, how do you know if you have this and what do you do? >> it's not just body builders. >> no, it's a serious and fatal disease. this made the media and news, men meningitis is
it was designed to deal with the real environment. you can't go down to the local exxon station and say we're going to buy some fuel. it's any source that is local liquid we ran to villages in bangladesh making electricity off the cow dung. we hope to build a sterling cycle generator. especially if we build these large kiosks, we'll bring in ways to store it because in this kiosk we'll put in battery systems. we'll start with they do have access to electricity. and then as technology becomes more advanced as mutar we'll deliver downtown, and it will create jobs, it will create the opportunity for people to get information, and they'll be areas notice of this device, these kiosks that are kept cool. not only for beverages but for vaccine and medication. and these things will be connected to the internet, to the world. when we start bringing all the partners together there will be basic needs water electricity communication, healthcare. we think mobile training, you know, through mobile devices that did not exist before in that environment, so it's a very very--it has wide implications. you
you could even say we're a little bit ambitious. right. you come in to the environment, many people came in without a job. they were volunteers and want to get a job. some people -- they want to get noticed by the right people. and they, you know, and you have people who have been hired who want maybe more responsibility. right than they probably traditional in their job. and the department heads who are racing against each other maybe to get a little more budget than the other and get a little more turf than the others and you might expect. you have the thing going on it's a chaotic time. you need to get control of this. because, you know, in this environment, where there no sort of norms, it's like building -- it is like building a village from scratch. everybody comes to a place with no rules or enormous, no structures, right, it's like the wild west. and not everybody, you know, some people who, you know, have their own tactics for getting their own way. right. sometimes even good people lose control of the inner jerks. it's a problem early in the campaign. we all have them. com
insulated in this environment, they're going after a high income consumer with a decent value proposition. >> michael, obviously gas prices are a real factor here, they tend to sell at a loss, it affected the quarter, this quarter. is it your view that will continue to be at least an influence on results in 2013? >> yeah, that's the thing that oftentimes investors don't recognize that gas does influence costco. oftentimes they strip it out when they're talking a little bit about, when they're talking about what their earnings look like. i think it will be under pressure, although it's hard for me to imagine gas at $5 a gallon doesn't have more downside than upside and a quick comment, if i was unclear, i completely agree with the other guest. i think they are going after a high-end consumer that is trading down, as i think melissa correctly pointed out. they're going for nordstrom's consumer, looking to be more efficient. >> and yet at the same time, michael, just to ram home that valuation point, it's twice as expensive as for example target or walmart in terms of what you're paying for
're the best environment for the talent spent before we go to questions, jay, then i want to talk about campaign financing. >> so you're looking at california right now, and that massive increase in the cost of gasoline, when matt said, when consumers are paying for gasoline they are not able to purchase their basic commodities every day. so what's happening? governor brown is proposing a relaxation of regulations that impact the energy industry. that is clearly a concession that regulation drives the cost of energy. we've got to have that same focus and discussion here in washington. because what's happening in california can happen all across this country. >> hawaii, i heard -- >> when we do the big deal everybody thinks we have to do entitlements and defends on one side and taxes on the other. if you have a school pashtuns do with two legs he usually falls over. if we look at what the canadians did with their cash cow, we have more cash cow in energy than any of them. and we can do spending. we can do taxes, and we can to energy which is our cash cow if we go to and you can make a re
point here is that people are desperate for some kind of growth in a low-growth environment. there's a company even though it is hard to categorize that's had notable growth. here's another company that's a play on the real estate industry. still right now $32.90 to $33. >> i think it is just going to be a couple minutes, folks. bear with us. >> couple minutes, bob. >> we've got a couple of companies very much on the move. i think this linkedin. very overvalued stock on an earnings basis -- >> you like linkedin. >> you want momentum, linkedin lass it. momentum obviously trumps at times valuation. people saying that the quarter could be much better than spefktespefk expected. johnson controls looks like to be the next one that's going to not be able to make the numbers. wells fargo goes buy to hold. europe, we've totally forgotten the fact that europe -- spain did get downgraded. >> it's funny we haven't mentioned that at all today. >> isn't that incredible? that was the dominant theme in europe that perhaps this downgrade is going to cause the spanish to say, listen, we do need the
trillion of dry powder just waiting to be used. do you expect in this environment with all of the uncertainty, the fiscal cliff, all of the issues we've been talking about all morning, that you can actually put all that money to work? >> for one, it's $1 trillion has been there for quite some time. it's not all of a sudden $1 trillion. it's been there for five, six, seven years so you typically have $800 million to $1 trillion of dry powder. the uncertainty is a good thing for private equity investments. you make the most of your money when you're doing things in uncertain environments so disique qudi disequilibrium is something people like us like. >> he doesn't seem to buy that the fiscal cliff is a big issue. i don't want to overstate it. >> it's a big issue. i think it's going to be resolved. i think everyone sooner or later does what's in their best interest, to resolve this problem. >> how are all of these issues, europe, china slowdown, fiscal cliff, what's going to happen to taxes, how is that impacting the way you're think being it. >> in any given period of time o
be select nif choosing in this environment. >> i guess you'd be selling then because you like the banks. why? >> i think that when you look at some of the large banks, you have rebound in capital market activity. these are banks that generally have taken their cost structures down. you've got a little bit of leverage going on as we speak. i think that's one of the main reasons. >> are you worried about all of these lawsuits? quarter of quarter, just when you think the litigation may be coming to an end, poof, there's more. this is, like, phillip morris of the old days. you're not worried about that? >> we're certainly concerned about it. i think what jpmorgan has done is taken litigation reserves, sometimes smaller amounts and sometimes larger amounts -- >> but that costs money and hurts profits, right? >> it does. but in general, they've beaten analyst expectations even with that. we've got $.5 billion litigation reserve in our estimates for the third quarter. we're at $1.37 well above the consensus. it could even be larger, and they could still beat consensus. >> matt, specifically to well
environment. where in the world are you finding that right now? >> well, it was easier to find it in u.s. stocks early in the year. the process we use with the allocation strategy funds that i manage is to do those three things. we still think the valuations are quite reasonable. but the thing that i'm worried about now is the macro side, that second part. the issue that we've had, we know the economic data has been weaker, and i think what most investors are doing is waiting on the sideline to see just what impact that slowing macro data is going to have on corporate earnings in the third quarter. >> you see the slow down coming or continuing right now, and a lot of cash sitting on the sidelines. nobody is doing anything. >> i think that's right. i don't think there's a lot of getting people to step in. the good news for this market and one of the reasons i'm not overly negative is that we're starting to -- we think that valuations are good and that companies have been managing very conservatively. they're also doing a very good job in guiding investor expectations comfortably lower,
. >> they also that the bluegrass festival is a cannot miss event. >> amazingly, in this is a great environment, great for the enlargement and gentle. >> bob snyder is also going to be here. i have seen these people before and i have got them to give me an autograph on my ukulele. i'm looking for new autographs, today. >> this is a family friendly festival with no alcohol. and they can bring their drinks and did i mention that this is free? yes, this is free. and they have a little bit of country, some of folk music and even could acoustic. >> hillbilly music. >> and there's nothing wrong with that but look at the crowd. organizers expect even more people to attend saturday, sunday. if you come out organizers say that do not drive. there is no parking. please take public transportation, or even the use your bicycle. they have areas for people to lock up their bike. and san francisco, kron 4. >>jacqueline: of temperatures have been on the cooler side and what we saw yesterday and even a couple of days ago. and the same in the north bay. it was 74 degrees in santa rosa. 75 in napa and 60s along t
: coming up on "fox and friends" from water and environment friendly plants what if we told you it was a myth. our next guest said he can prove it? >> brian: romney cutting funding to big bird. but what if it took millions to create jobs and only created two, barely two? ♪ ♪ [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. at unitedhealthcare insurance company, we understand that commitment. and always have. so does aarp
operations are safe and clean for our communities and the environment. we're america's natural gas. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. but to reduce government spending and the amount and they're talking about, the amount congress if should pass any way with part of the budget control act. it is split between defense and non-defense fell the 3% of spending. is nothing. >> this does not go far enough? >> no. and the budget with spending cuts and paul ryan's cuts is only 10% of spending. $400 billion per year named as duplication and overlap from senator sessions and senator kohlberg 10 percent most have done that to say business. >> is there a political appetite on either side? they had a presidential debate. the fiscal cliff was not even brought up. who has the will t
earnings are not correlated with the macro environment. ubs writes that alexion is a significant double-digit growth driver but uses the orphan drug model where pricing and reimbursement are insulated, the biotech is up a whopping 400% over the past three years. keep in mind this is a speculative takeout target. another standout stock, gilead sciences is up 70% year-to-date, ubs has it as its top large tech biotech pick, it's attractively trading to a discount to the biotech sector, biogen up 50% in the past year thanks to its strong earnings performance and anticipation riding behind its multiple sclerosis drug bg12 which could get approval by year's end. another is buyout speculation. the firms are on the hunt for under the radar biotech firms, bristol-myers among others making big bets. andrew you've been following that as well. >> thank you for that report. lot of beta. see if there's any alpha. >>> in the next hour of "squawk box" former ubs american chairman robert wolf will join us to talk financials, jobs and the election, mr. obama's favorite banker. and later health care, a ma
and create jobs and helping environments. we do a tremendous amount for education and veterans. we have hired, and if you're a veteran in this room thank you very much for serving this country, we have hired 4800 veterans this year in the last 18 months or so. there is this thing called 100,000 jobs which we help starting hired 28,000 veterans and we have done 4500 ourselves. while other people are talking, we are doing. before this program we will do 1000 so we try to participate and to me it's all the same thing, healthy vibrant company, makes it all possible. the dying company, now been it is possible. i will put it in that same thing by the way, people say as an employee or shareholder if i don't make customers happy there is nothing else. if our employees don't do a good job -- it's all important to me. i try to run a fair profit, take care of your own people in your clients. let me go back to the mistake issue one more time. here's a question for you all. we have something like $15 billion in exposure in derivatives and hedging and bouncing around. you could easily tell me get it down.
? so you come into this environment. many people came in without a job. they're just volunteers and they want to get a job. some people, so they want to get noticed by the right people. and they, you know, and you have people who have been hired who want maybe more responsibility, right, and they probably traditional in their job. you have department heads who are racing against each other to maybe get a little more budget than the other and get a little more turf than the others than you might expect. you have this thing going on where it is a very chaotic time and you really need to get control of this because in this environment where there are no sort of norms, it is like building a village from scratch where everybody comes to a place with no rules, no norms, no structures, right? it's like the wild west and not everybody, you know, some people who, you know, have their own tactics for getting their own way, right? sometimes even good people lose control of their inner jerks. that is a problem early in the campaign, right? we all have them, come on. so you throw an elbow at
smith. he you may remember claimed that the bank had a toxic environment the where bankers referred to clients as muppets. the financial times is referring to an internal review found that weeks before smith's public resignation, he complained about his bonus and said he deserved to be paid more than a million dollars. the book, paid $1.5 million for the book. it's all a little -- >> we're saying it's all based on whether they call people muppets. that would be okay if you were doing -- fit's not beg bird, here we are talking about municipmuppe muppets. it's probably like not being client oriented, right? if they were doing everything for their clients but still calling them muppets, it wouldn't be an infraction, would it? >> if he was great for the clients -- >> could be a term of endearment. >> if i called you a muppet, how would you feel? >> i'm not one of those old guys in the balcony. i like those guys. andrew, what are the chances that braunstein goes to goldman and vineyard goes to jpmorgan zero. >> its it's like a wife swapping thing. >> vineyard is going to california to re
%. but the real reason these stocks will be anointed is their genuine high growth names in an environment where because of the slowdown worldwide there are very few real growth stocks out there. sure, many stocks rat 252-week highs. but google and amazon are barn burners. they're so obvious that they're not going to be ignored. every fund that already owns them will be double do you think between now and the end of the year if history is your guide. plus, you got a nice google reversal today, which gives you a chance to do some buying. the charters are going to be calling it the son of apple. they're going to say this reversal today is now the beginning of the big decline, like it was with apple. hey, can we just decide that apple and google are different companies? why don't we start with this amazon. we know that this company is oriented in online retail powerhouse, the widest selection of products, lowest prices, fastest, cheapest delivery. amazon is a beloved company that has cultivated fabulous relationships with its customers, and most important, it's still taking market share all over th
environment. >> the capstone concept forward says the world is trending towards greater stability, yet it says the world is potentially more dangerous than ever. how will the stability overcome the threat? >> well, you know, when people ask me about afghanistan, the first thing i normally tell them is it's possible for violence and progress to coexist in places like afghanistan. i'd say the same thing about the paradox of stability and threat. they coexist. so i've talked about a security paradox which is violence is at an evolutionary low. and it is, except that the capabilities to impart violence are in the hands of people who heretofore wouldn't have had access to them. so you have a paradox of feeling as though the world is -- this is kind of the tom friedman the world is flat and connected and, therefore, is less likely to fight each other. maybe. but there's also the other school of thought that says it's in the unconnected parts of our globe where violence will be both more prevalent, but also more violent because the instruments of violence are more available now than they've ever been
worse economic environment in those states and the rest of the country, you had a republican in the white house, two terms of reagan. the voters seemed to take it out on the incumbent party in a way that didn't happen anywhere else. i'm looking at, for instance, a state like ohio where obama has been consistent. the economy is better in ohio than it is around the country. you have the auto bailout that obama put in place has clearly helped that state. could it be that he has a leg up in a state like ohio and a few others like iowa that he doesn't have anywhere else in the country and there are two separate elections? i'm seriously wondering. >> there's a point to what you're making partly because if we go against steve on the numbers we're going to lose. >> who would do that. never. >> there is definitely noise in the national number because there are states in the south and appalacia where obama's numbers are depressed and other states where it's closer. all of that factored into the national numbers doesn't factor into the states. when you just look at ohio which romney has
to bring vocational education back to the schools. we need to start creating an environment in our schools where the child is not on an educational path for college, they are on the path for vocational training and have a chance to have a solid life with education. we need to empower classrooms and redirect some of the dollars out of the administration in the classroom. >> thank you for the question. other than public safety, there is nothing that the state does that is more important than educating our kids. we have made great progress in a recent years. graduation rates are up, test scores are up. but we have a long way to go. 20% of our schools got a great of -- grade of c or lower. there is nothing that can't be fixed if we give parents more choices and the teachers more freedom to teach. i agree with my competitors and say that in addition to the aspect of our road map, that called for greater emphasis on math and reading, i think the time has come when the priority for every high school in indiana again, we lay out a road map. >> thirty second rebuttals. >> any changes will have to
, for cleaner environment, for better jobs, that's what community organizers do and saul alinsky wrote the textbook on how to be a good community organizer, how to be a good activist, how to be a good citizen and it's not surprising to me that the tea party is using that book to learn how to organize because his rules for radicals, his ideas for progressive change could be used boo i anybody, but he thought that ordinary citizens should have a voice in their government. it shouldn't be just organized money, big business, the koch brothers, people like that. it should be ordinary people in their neighborhoods, in their workplaces, in their communities having a voice, and saul alinsky, who began his organizing career in the '30s and lived through the early '70s taught us all a lesson which many people are applying even today. >> professor, i had to notice that thereto weren't a whole lot of republicans on your list. i assume teddy roosevelt made the cut because of his great work in conservation, but this is a fairly partisan project, you'd admit. you have to be a progressive to be consid
, where for goodness sakes, the red cross has withdrawn with benghazi! which lives in the environment of war, thought it was too dangerous. that's something that the president and the vice-president, certainly, the secretary of state, should be aware of, all the time. >> greta: all right. nobel peace prize to the e.u., the european union. >> well, it could have been worse, they could have given it to barack obama again. this is the example of the trivialization and the polittization of the whole nobel peace prize process and a fundamental misconception about why europe is at peace. it is not the european union, it is because of american power and the nato alliance because we sheltered europe in the cold war to give them the chance to work out some of their differences. >> greta: the eu. is failing, the economy is going under and they are creating another global crisis. the imf said, countries about to go bankrupt in the e.u., the idea that they are being rewarded a a morale boost treminded me of a pee wee league and a sports team and you give them all trophies because they are 6 years
into the political environment so it's kind of unchartered territory for us at this point. so far the reaction to this idea has been fantastic. >> well, the chain got a lot of heat for trying to insert itself into the debate, "dear pizza hut, you're not helping," is the title of the slate.com editorial. the giveaway is still on but the company tells us it's stopped promoting it, asking people instead to express their opinions on pizza online. later on street signs -- obama or romney. the coffee cup wars. we'll have that. >> reminder, cnbc's going to carry the vice presidential debate tonight. it will be live, of course. our coverage will begin at 7:00 p.m. eastern on "the kudlow report" and continue on through the evening. the cnbc twicker will be live on debate night. use #cnbc2012 for a chance to see your tweet roll on the twicker. >>> today's yahoo! finance poll we asked -- how big a threat to the economy is the fiscal cliff? 13% say it is overblown. economy's getting stronger. 67% say it is serious. serious enough to push the country back into a recession. 20% say it is a problem. but i'm
the environment and something that was set in the debate last week. the president had the lead on energy and he said we were dealing now more than ever for gas and oil and he's right. then mr. romney came back with our bottle saying, mr. president, are drilling more for gas and oil, but it's not due to your policy. then he went on to say that because we are not drilling on federal and. why the president did not jump on that, i don't know. all the president would have to have said, was, mr. romney, do you think the american public would condone drilling in yellowstone? do you think the american public would condone drilling in yosemite? i just sat back from fly-fishing in montana and i was on federal land fly-fishing. i was on federal land where nothing is going on and i enjoyed that. i don't want to be fly-fishing next to an oil well or fracking liquid that is stored in pits that is poisonous. i just don't understand mr. romney saying we should be drilling like crazy on federal land. that just goes to show how he is uneducated about the circle of life in the natural environments. that's all i h
diplomatic mission and described benghazi as, quote, not an environment where posts should be directed to normale operations and reduce security sours inccore th a tial tab ecl fscum left libya in august, a few weeks before the attack, and the state department so far is saying they never heard anyone on the ground ask for that team to stay longer. t the leader of that team, eunantolon aw w gu thi to orafheiv in libya in february, there was pressure from the state department to reduce the amount of security. we'll hear more from him today since he is scheduled to testify as well. yovecoupu dno ahead of time? security concerns. people coming forward with no ax to grind, just fac to get out sayi security was denied. others saying i knew it was a terrorist attack. others saying now seems like indu, t ism e. g t a dynamic situation today and the aftermath tonight, tomorrow and the next day, everyone looks to save their careers. >> gretchen: the foreign policy debate october 22 between mitt romney and barak obama, may be the first time we hr the thcoident responding tony of at and-n rasmuss
in the economic environment, is the fundamental reason that central planning cannot work, even apart from the adverse implications of central planning for individual freedom. we use market institutions to allocate resources because doing so maximizes aggregate wealth. we don't use market institutions to allocate and reallocate resources in order to preserve jobs in any given industry. therefore, the structural unemployment that results from reductions in defense outlays is irrelevant and politically, even if it is highly relevant politically. to the extent that reductions in defense outlays reflect an improvement in international security environments, that improvement in yields an increase in national wealth in exactly the same sense that a reduction in crime does the same. while increased employment in a given economic sector or increased unemployment, rather, in a given economic sector is painful for those subjected to economic losses, it is not a loss for the economy as a whole, because the reallocation of resources in response to changes in relative prices increases the aggregate pro
a meritorious environment, right? we're already past a place where race is like the thumb on the scale, right? >> i guess i would put it differently. i would say it's not a rigid quota. it can operate as a plus factor, but to some people would be viewed as a thumb on the scale. the brief that was sort of moving to me in looking at the case going -- o the fisher going up to the supreme court, oral arguments are on wednesday, is a brief written by deans of harvard and yale. notice that harvard and yale are where anine of the justices graduated. when we do admissions, we do a holistic merit-based analysis. if we build a diverse class, racial diversity is one component of that excellence. don't take our word for it. go to mckenzie and mckenzie has done amazing consulting work with fortune 500. again, we can have queasiness about whether or not that's a metric, whether it's a social justice issue, engaging in mediation rather than this is good for the bottom line. going back to the 2003 case, the briefs moving to sandra day o'connor, it was now being swapped out by alito which is why many are worr
they did because he showed them how dangerous and volatile and unpredictable the entire environment in libya was with at least 13 security incidents before september 11, backing up his case. as for his testimony this week, former u.s. ambassador to the u.n., john bolton, toll us today, he happenings the state department needs to listen and learn quickly. >> the state department should not wait for the conclusion of its own administrative review board, which won't report for 60 days, there ought to be an ongoing process to try to enhance the security of diplomatic and other official personnel in the middle-east and elsewhere. >> reporter: at the house oversight hearing, we will hear from sharl eep lamb, the deputy assistant secretary for programs at the bureau of diplomatic security and eric nordstrom, a regional security officer for the state department. >> shannon: thank you very much. some controversial anti-jihad ads in some anti-muslim will go up in the d.c. metro system this weekend, despite concerns about possible violent retailiation. a judge has ruled that the ads have to be
the environment going again, the manufacturing of automobiles and general motors? >> moderator: you mentioned roads and bridges but what would you favor and how would you pay for his? boswell well i think we are going to have to raise the tax. i think we must do that and it will be indexed inflation but we have talked about that before. that is not new information for you. we talked about in the transportation infrastructure committee sometime ago. it was made between mr. young and mr. oberstar who talked to president bush at the time and he said he would veto it so that did not happen. we have got to do it. >> moderator: congressman boswell, believe you support president obama's stand that would raise taxes on people who make over $250,000 a year, is that correct? boswell: that's correct. >> moderator: talking about creating jobs are you worried that will actually slow the economy and hurt job creation? boswell: a lot of people say that when we look at this trickle down theory. i don't see where that has been the historical success when we think of the years we have talked about it but if yo
let's go ahead and release that earlier. it will have a negligible effect on the environment and hopefully the supply situation. also refineries here, some going back on-line, helping -- they're getting repaired. so we should see relief sometime soon. most experts say we'll see that relief coming slow, that we haven't reached the peak as of yet. but over the next couple of weeks, perhaps by thanksgiving, we could see prices on the decline. but for now, looks like we might be dealing with pry high prices here. >> steve: how many refineries are off line right now, causing the spike? >> there are a number of big ones. one in northern california where there was a fire last -- we only have 14 refineries here in california. so if you have just a couple, like five of them off line, then we could see certainly a spike here in the gas. the real big issue is that regulation, the california regulation that wouldn't allow any of these oil companies to release that winter blend. so now that they can release the winter blend, we could see relief. >> gretchen: thanks very much for that upda
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-business environment. and i think that's something the president doesn't really understand. if you want -- one of the points i make, if you want fairness, everyone with the same income level, go to cambodia. we want a rich and growing society and the way to do that is by promoting free enterprise. >> gretchen: but the interesting thing is that on its face, those two words, fair share, have really resonated. >> they have. >> gretchen: with some of the american voters. when you break it down and you get into the details, you find this out. for example, you say the rich already are paying their fair share if we look at the latest graphic. you show the poor, the percentage of all federal taxes paid is a negative number. explain this graphic. >> yeah. this is an amazing thing. there is such a divide between the amount of taxes the wealthy really do pay and people's perception. for the last 20 years, we've been inundated with this information in the media. the rich don't pay their fair share. warren buffet saying he pays a higher tax rate than his secretary. we looked at the real data. we found that
. if there is demand, that means the housing environment is better. many more people are needing to rent housing than in the recent past. maybe we are getting to more normal balance between people for whom buying a home makes sense and those for whom it's not the right decision at this time. so that has put a lot more pressure on rents and rental prices. rents are going up. that's really a problem at lower incomes where people are competing with a new group of people who have more money to spend and rents going up means a real problem for very low-income people. host: we talk about assistance and breaks for home buyers, but what about renters? what kind of assistance is out there for them? guest: we do have a public housing system and we have vouchers and other such assistance for individuals of low-income. only about a quarter of the people eligible for those programs actually are able to get the benefit. not because they don't qualify but because tre is just not enough money be appropriated to pay for it. host: here's a story in usa today this morning -- what does this mean for home buyers and sell
that we have an environment where we can create more -- bernie hasn't got to work a day the rest of his life, bernie and billy are having a wonderful life, god bless this man, he's spending his time and his money getting the message out. we know how to create jobs. we've created them. the point i'm making is the taxes will go up when you have a bigger work base. >> right, and that -- >> that's what he's betting on. >> it's a supply side argument and anyway, we got to run because we have mr. mccain coming up. >> oh, good. >> we do. mitt romney says the middle east has become a more dangerous place during the obama administration. he made his remarks in what his campaign called a major foreign policy speech yesterday in virginia, joining us now is more, senator john mccain, joins us from raleigh, north carolina, where he's campaigning for governor romney. in a nutshell, senator, summarize the points that governor romney made that you think are most spot-on in terms of talking about the middle east and where we are right now. >> well, first of all, could i tell bernie now that he's recover
and a cleaner environment but an energy policy that creates 5 million new jobs. a foreign policy that ends this war in iraq. a foreign policy that goes after the one mission the american public gave the president after 9/11, to get and capture or kill bin laden. and to eliminate al qaeda. a policy that would, in fact, engage our allies in making sure that we knew we were acting on the same page and not dictating. and a policy that would reject the bush doctrine of preemption and regime change and replace it with the doctrine of prevention and cooperation, and ladies and gentlemen, this is the biggest ticket item we have in this election, the most important election you will ever, ever have voted in since 1932. and we are such stark differences. i would follow through on barack's policies to get in essence i agree with everything, every major initiative he has suggested. >> moderator: governor. palin: and heaven forbid yes, that that would ever happen. no matter how this ends up, that that would ever happen with either party. as for disagreeing with john mccain and how our administration wo
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